Author Curreen

Australia
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Runaway house price growth in Australia will need to be tempered with a tighter regulatory framework or risk tipping the market into overdrive, economists warn Taryn Paris & Ted Tabet – The Urban Developer Analysts at the Reserve Bank of Australia (RBA) have projected house prices could increase by 30 per cent over the next three years if low interest rates prevail. Continue →
Finance
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The Reserve Bank of New Zealand is seeking views on its plan to reinstate loan-to-value ratio (LVR) restrictions on high-risk lending, with submissions closing 22 January and effect from 1 March 2021 “LVR restrictions are used to reduce the risks to financial stability caused by higher-risk lending. Continue →
Property Trends
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As the total pool of properties available for sale falls to record lows, this is continuing to put pressure on house prices, with the country seeing a new record median house price for the fourth month in a row, REINZ reports Median house prices across New Zealand increased by 19.3% from $628,000 in December 2019 to a new record median price of $749,000 in December 2020. Continue →
Commercial
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Colliers looks at the year that has been and what is in store for all sectors of the property market in the year to come Interest rates will remain low As the Reserve Bank and government continue to prioritise protection of employment and expansion of the economy, interest rates will remain low. Continue →
Property Trends
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CoreLogic’s Best of the Best Report shows 2020 in review and reveals what 2021 might herald for the property market New Zealand is in the middle of an unexpected, unpredicted property boom – so who received the biggest Christmas present in the form of equity increases? Continue →
Property Trends
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Latest Census data from Stats NZ suggests 10% (191,646) of New Zealand dwellings are unoccupied – a figure which includes bach ownership The regions around the country with the greatest proportion of unoccupied dwellings are those with large numbers of holiday homes, including Great Barrier Island 51%, Waiheke 36%, Thames-Coromandel 49%, Taupo 32%, Ruapehu 33%, MacKenzie District 42% and Queenstown-Lakes 28%. Continue →
Property Trends
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Home-owners who use a real estate agent to sell their home can expect to get on average 15% more for the property than they would by selling it privately, an REINZ analysis reveals This is the highest level of premium we’ve seen in 18 years, with the premium having slowly increased over the last few years from 8% back in 2015, lifting to 11% in 2016, 12% in 2017, dropped to 5% in 2018, 6% in 2019 and has now risen to 15% in 2020 highlighting the true value an agent can bring to the process of selling your property. Continue →
Housing
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The Government has suggested it will focus on retaining or even increasing house prices, something that was not signalled prior to the election, says Infrastructure New Zealand Policy Director Hamish Glenn Government prioritisation of house prices above the supply, quality and affordability of housing would be a serious concern and would lock in intergenerational inequality, poor productivity and low incomes. Continue →
Construction
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Asite has launched a new research report on how the construction industry can mitigate carbon emissions through the smart retrofitting of built assets The report responds to the construction industry’s role in the Paris Agreement and focuses on the decarbonization of existing buildings, both residential and commercial. Continue →
Property Trends
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The property market is one of the most talked about topics right now and the latest affordability measures from CoreLogic shows us why The centre point of much of the market commentary is the Reserve Bank of NZ (RBNZ) and their role or otherwise in minimising financial stability risks related to the property market. Continue →
Construction
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New Zealand’s building and construction industry can lift its poor productivity by establishing a digital database on building products, a BRANZ funded report from GS1 New Zealand finds This opportunity is explored in “Digital Product Data for Lifting Productivity” – a major new report from GS1 New Zealand on how such a digital database, or repository, would support the building and construction industry and on feasible steps for its establishment. Continue →
Property Trends
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Queenstown’s property market was one of the worst hit by Covid-19, but has proved remarkably resilient, with confidence growing again and big infrastructure spending in the pipeline, a Colliers International report finds The fundamental driver of Queenstown’s growth over the past decade has been tourism, says Heather Beard, Registered Valuer and Consultant at Colliers Queenstown. Continue →
Property Trends
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The Government is being urged review the Home Start grant thresholds for first home buyers following the rapid pace at which house prices in New Zealand have grown In the last 12 months, median house prices across the country have risen by 20% which now means that only 33% of properties in New Zealand are below the threshold to be eligible for the home start grant down from 40% in June. Continue →
Construction
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Hamilton will be the first in the Southern Hemisphere to 3D-print concrete on a commercial scale using a robot capable of printing the walls of an average house within one week The robot, imported by local technology company QOROX from CyBe Construction in the Netherlands, can build any concrete structure, including houses, commercial buildings, retaining walls, and landscape features such as planters, sculptures and picnic tables. Continue →
Property Trends
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October saw the highest number of properties sold in nearly five years as 10 regions saw record median house prices, including Auckland which has now hit $1,000,000, the Real Estate Institute of New Zealand (REINZ) reports   Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a new record median high of $725,000 in October 2020; and up from $689,000 in September this year (a 5.2% lift). Continue →
Materials
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Australian manufacturer Ametalin has launched its CeaseFire barrier this year, the first fire-proof and waterproof building wrap of its kind, designed for high-rise buildings and homes in bushfire zones Ametalin claims CeaseFire is the only building wrap of its kind in the world that is waterproof and fireproof while still allowing vapour to pass through. Continue →
Property Trends
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Auckland’s suburban apartment market is outperforming the once-dominant CBD, with a recent Colliers survey finding the best-selling project is located in the suburban hub of Albany Risland Albany comprises 141 affordable units in a medium-rise apartment building with a secure basement car park, located only two minutes from Westfield Albany, the busway and motorway. Continue →
Construction
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The New Zealand Institute of Building (NZIOB) has announced the winners of the 2020 New Zealand Building Industry Awards, with the University of Auckland’s new Waiparuru Hall taking out the GIB® Supreme Award The New Zealand Building Industry Awards celebrate and recognise an individuals’ professional excellence in the building and construction process of a recently completed project. Continue →
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